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Chris Sacca’s VC firm is raising a second nuclear fusion fund
Chris Sacca's venture firm, Lowercarbon Capital, announced at the SOSV Climate Tech Summit that it is raising a second fund to support nuclear fusion energy startups. This follows a $250 million fund raised in 2022 and continued investments in notable firms like Commonwealth Fusion Systems. The new fund is expected to be larger, reflecting persistent optimism about breakthroughs in fusion technology.
Key points
- Lowercarbon Capital is raising a second nuclear fusion fund at the SOSV Climate Tech Summit.
- The firm previously raised $250 million in a fusion-focused fund in 2022.
- It has invested in leading startups, including Commonwealth Fusion Systems, which raised $863 million this year.
- Fusion technology is deemed expensive, yet investors are optimistic about future breakthroughs.
- Other prominent VCs, like Vinod Khosla, share the belief in nuclear fusion's potential.
Why it matters
- The rise of investment in nuclear fusion aligns with the 2025 trend of prioritizing sustainable energy solutions.
- Investment in emerging technologies like fusion reflects a broader shift towards innovative climate tech.
- Historical advancements in clean energy have shown that significant investment can lead to breakthroughs, suggesting a parallel with fusion development.
With Lowercarbon's new fund, the venture into nuclear fusion reflects a growing confidence in innovative energy solutions, potentially shaping the future of sustainable power and highlighting the evolving landscape of climate tech investment.